Search results
Mar 14, 2024 · World oil demand growth is now forecast at 1.3 mb/d in 2024, down sharply from last year’s 2.3 mb/d expansion. The slowdown in growth, already apparent in recent data, means that oil consumption reverts towards its historical trend after several years of volatility from the post-pandemic rebound.
Apr 12, 2024 · World oil demand growth continues to lose momentum with 1Q24 growth of 1.6 mb/d, 120 kb/d below our previous forecast due to exceptionally weak OECD deliveries. With the post-Covid rebound now largely complete, and vehicle efficiencies and an expanding EV fleet acting as further drags on oil demand, growth in 2024 and 2025 slows to 1.2 mb/d and ...
Jun 12, 2024 · The report provides detailed analysis and forecasts of oil demand fundamentals across fuels, sectors and regions. It also outlines projected supply from planned upstream and downstream projects around the world.
Jan 26, 2024 · According to the forecast, as many states will be down as up, bringing total growth for U.S. wells to a mere 0.6%. Notable among U.S. gains will be increases in the Gulf of Mexico, which will see...
Jun 12, 2024 · Based on today’s policies and market trends, strong demand from fast-growing economies in Asia—as well as from the aviation and petrochemicals sectors—is set to drive oil use higher in the...
A ramping up of world oil production capacity, led by the United States and other producers in the Americas, is expected to outstrip demand growth over the 2023-2030 forecast period and inflate the world’s spare capacity cushion to levels
People also ask
Will world oil demand grow in 2024?
How will oil supply change in 2024 & 2025?
Will world oil production outstrip demand growth in 2023-2030?
Will global oil supply increase in 2025?
May 22, 2024 · In 2023, world oil demand exceeded 100 million bbl/d for the first time since the pandemic. Forecasts suggest global oil demand will grow even more in 2024.
